证券之星消息，2025年8月7日力盛体育(002858)发布公告称公司于2025年8月7日接受机构调研，东方财富 证券陈子怡、东吴基金周玮琳、西南证券周杰苟宇睿、开源证券方光照、财通证券周诗琪、三福资产白福 浓、中欧基金范适、华泰资产朱旭东王学涛、泰信基金王冰倩、汇丰晋信杨明芬参与。 具体内容如下： 问：海南封关对公司在海南的业务布局有什么影响？定增项目进展如何？ 答：海南自贸港即将在今年12月18日封关运作，借助海南封关后的政策优势，公司计划将该产业综合体打 造成一个国际化的汽车运动和汽车文化交流平台。一方面，吸引国内外知名汽车品牌入驻，开展新能源汽 车展示、测试和体验活动；另一方面，积极举办国际高水平的新能源汽车赛事，提升海南在汽车运动领域 的国际知名度。同时，结合海南的旅游资源等，培育本地赛车市场，带动相关消费。此外，公司还将利用 海南的区位优势，加强与东南亚等地区的汽车运动交流合作，拓展国际业务。目前公司已经投入自有资金 1.47亿元建设海南国际赛车场。再融资项目也在持续积极推进。 问：公司上半年运营情况如何？高尔夫赛事是否达到预期？ 答：上半年公司围绕发展战略与年度经营计划积极推进各个板块业务。各项 ...

Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on the marketization of sports events and the digital upgrade of the industry [2]. - The company’s main business includes sports event management, venue operation, marketing services, sports club management, sports equipment manufacturing and sales, and digital sports [2]. Business Development - In the first half of 2025, the company actively promoted various business segments in line with its development strategy and annual operational plan [3]. - The company repurchased shares worth over 22 million CNY to stabilize market expectations and maintain company value [3]. Strategic Initiatives - The company plans to leverage the policy advantages of the Hainan Free Trade Port, which will officially operate on December 18, 2025, to create an international automotive sports and culture exchange platform [4]. - An investment of 147 million CNY has been made to construct the Hainan International Circuit, with ongoing efforts in refinancing projects [4]. Operational Performance - The company has successfully conducted various events, including international, national, and regional competitions, within the annual event calendar [5]. - The golf tour has been actively promoted since obtaining operational authorization at the end of March, with more events planned for the second half of the year [5]. Future Plans - The company aims to expand its involvement in various sports, including tennis, cycling, and marathons, while continuing to focus on motorsports [6]. - The strategy includes a long-term, full-industry chain expansion, covering various derivative event IPs, venue operations, and sports products [6]. Technological Integration - The company is investing in sports technology, including AI and robotics, to enhance its core business and expand its event categories [7]. - The "Yuedong Circle" app focuses on sports and aims to integrate AI technology into sports health and education, promoting digital and intelligent upgrades in the industry [8].

Core Insights - Future consumer spending in China is expected to shift towards self-indulgent and service-oriented consumption, mirroring trends seen in Japan as its labor population peaked and consumption growth slowed [3][21][23] - The domestic tourism market is projected to maintain high growth rates, with Q1 2025 showing a 26.4% increase in travel volume and an 18.6% increase in tourism revenue year-on-year [3][28][34] - The human resources sector is supported by national policies and AI advancements, indicating a long-term investment opportunity as the flexible employment market is still in its early stages [3][41][53] - The sports industry is expected to accelerate in growth, with a target of reaching a market size of 5 trillion yuan by 2025, driven by clear policy direction [3][60][62] Consumer Market - The shift towards self-indulgent consumption is evident, with service consumption expected to rise significantly, reaching approximately 46% of total consumption by 2024 [21][23][25] - The characteristics of Japan's "third consumption society" are becoming apparent in China, as consumer behavior increasingly reflects personal preferences and emotional satisfaction [21][23][24] Tourism Industry - The tourism sector is showing resilience, with strong consumer willingness to travel, ranking first in spending intentions among residents [3][28][35] - Despite the growth, the tourism industry is still recovering from the pandemic, with domestic tourism revenue as a percentage of GDP expected to reach only 4.3% in 2024, compared to 5.7% in 2019 [31][33] Human Resources Service Industry - The human resources sector is experiencing a structural shift, with the proportion of labor in the tertiary sector increasing from 42.3% in 2015 to 48.8% in 2024, indicating a growing demand for HR services [3][41][40] - The flexible employment market in China is projected to grow significantly, with a compound annual growth rate (CAGR) of 28.4% expected from 2018 to 2024 [53][51] Sports Industry - The sports industry is on track to reach a market size of 5 trillion yuan by 2025, with the current market size at 3.7 trillion yuan, indicating substantial growth potential [3][60][62] - The government's "National Fitness Plan" aims to enhance outdoor sports participation and infrastructure, further driving industry growth [60][62] Investment Recommendations - The report suggests focusing on companies like Huangshan Tourism (600054.SH) and Lisheng Sports (002858.SZ) due to their strong market positions and growth potential in the current economic climate [3][67][70]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002858 | 力盛体育 | 14.60 | 5.57% | 18.55万 | 2.66亿 | | 600158 | 中体产业 | 8.75 | 0.57% | 17.51万 | 1.53 Z | | 600136 | ST明诚 | 2.00 | 0.50% | 12.51万 | 2494.58万 | 从资金流向上来看，当日体育板块主力资金净流入200.72万元，游资资金净流入1177.97万元，散户资金 净流出1378.69万元。体育板块个股资金流向见下表： 证券之星消息，8月5日体育板块较上一交易日上涨1.27%，力盛体育领涨。当日上证指数报收于3617.6， 上涨0.96%。深证成指报收于11106.96，上涨0.59%。体育板块个股涨跌见下表： | 代码 | | | 名称 | | | | | --- | --- | --- | --- | --- | --- | --- | | 002858 力盛体育 | 2048.78万 | 7.71% ...

从资金流向上来看，当日体育板块主力资金净流出1640.78万元，游资资金净流入819.88万元，散户资金 净流入820.9万元。体育板块个股资金流向见下表： | 代码 | | | 名称 │主力净流入（元）│主力净占比│游资净流入（元）│游资净占比│散户净流入（元）│散户净占比 | | | | | --- | --- | --- | --- | --- | --- | --- | | 600136 ST明诚 | -110.00万 | -4.60% | 64.39万 | 2.69% | 45.61万 | 1.91% | | 002858 力盛体育 | -369.30万 | -4.21% | -309.50万 | -3.53% | 678.79万 | 7.74% | | 600158 中体产业 | -1161.48万 | -5.23% | 1064.99万 | 4.80% | 96.49万 | 0.43% | 证券之星消息，8月4日体育板块较上一交易日下跌0.04%，中体产业领跌。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。体育板块个股涨跌见下表： | 代码 ...

Core Viewpoint - Lisheng Sports (002858.SZ) faces challenges as its investment in Shenzhen Yuedong Tianxia Technology Co., Ltd. has not met performance targets, leading to compensation obligations and the resignation of a key executive, Yu Xingyu, due to personal reasons [1][5]. Group 1: Company Overview - Lisheng Sports was established in 2002 and became the first A-share listed company in the racing industry in 2017 [2]. - The company operates in various sectors, including racetrack operations, the Seca Alliance, and automotive experience centers, and is involved in sports equipment manufacturing and sales, primarily focusing on the "SQ" brand of go-karts [2][4]. Group 2: Investment and Performance Issues - In December 2021, Lisheng Sports acquired a 25% stake in Yuedong Tianxia for 177 million yuan, which operates the "Yuedong Circle" sports app, focusing on fitness data services [4]. - Performance commitments were set for Yuedong Tianxia, with net profit targets of 18.5 million yuan, 28.5 million yuan, and 53 million yuan for 2022, 2023, and 2024, respectively [4]. - Yuedong Tianxia failed to meet these targets, reporting actual net profits of 15.0 million yuan, -31.1 million yuan, and -20.5 million yuan, resulting in significant losses and compensation obligations for Lisheng Sports [5]. Group 3: Executive Changes and Financial Impact - Yu Xingyu, who became the general manager of Lisheng Sports in 2021 and chairman of Yuedong Tianxia, resigned amid the company's financial struggles and the underperformance of Yuedong Tianxia [5][6]. - Lisheng Sports reported revenues of 258 million yuan, 405 million yuan, and 440 million yuan for 2022, 2023, and 2024, respectively, but incurred net losses of 76 million yuan, 196 million yuan, and 60 million yuan during the same period [5]. - Yu Xingyu reduced his holdings in Lisheng Sports by 572,800 shares, representing 0.35% of the company's total shares, before his resignation [6].

Group 1 - The core point of the article is the resignation of Yu Xingyu from the board of directors of Lisheng Sports due to personal reasons, effective August 1, 2025 [2] - Lisheng Sports reported that its revenue composition for the year 2024 is 99.03% from sports and 0.97% from wholesale [2]

2024年1至12月份，力盛体育的营业收入构成为：体育占比99.03%，批发业占比0.97%。 每经AI快讯，力盛体育（SZ 002858，最新价：13.9元）8月1日晚间发布公告称，截至2025年7月31日， 公司通过回购专用证券账户以集中竞价交易方式回购公司股份约172万股，占公司总股本的1.0492%， 最高成交价为14.13元/股，最低成交价为12.3元/股，成交总金额约为2225万元。 （记者 王晓波） 每经头条（nbdtoutiao）——"我们也深陷残酷价格战"！德资巨头中国区高管警告：智驾绝不能免费， 否则会给全行业带来灾难 ...

Group 1 - The resignation of director Yu Xingyu was submitted on August 1, 2025, due to personal reasons, and he will no longer hold any positions in the company or its subsidiaries after his resignation [1][2] - Yu Xingyu held 1,787,200 shares in the company and has no outstanding commitments to fulfill [1] - The company expressed gratitude for Yu Xingyu's contributions during his tenure and will proceed with the election of a new director as per regulations [2] Group 2 - The company announced a share repurchase plan on May 13, 2025, with a total repurchase amount not exceeding RMB 40 million and not less than RMB 20 million, with a maximum repurchase price of RMB 17.00 per share [5] - As of July 31, 2025, the company repurchased 1,719,800 shares, accounting for 1.0492% of the total share capital, with a total transaction amount of RMB 22,245,362 [7] - The company will continue to implement the repurchase plan within the specified timeframe and will disclose progress in accordance with relevant regulations [9]

Group 1 - The company, Lisheng Sports, announced a share buyback of 1,719,800 shares, which represents 1.0492% of its total share capital [2]